Real Estate Strength

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Last year, it looked like interest rates were going to start a sensational bull market of their own. It’s quite clear they’ve utterly sputtered. Just look at what’s happened with interest rates: a nice bullish base, and then, zilch.

slopechart FR MORTGAGE US
slopechart FR MORTGAGE US

Weak rates are helping out real estate. IYR, for instance, is at lifetime highs. Another interesting real estate ETF, shown below, is ITB, the U.S. Home Construction fund.

slopechart ITB